Delay of Merger with SK IMT

On March 30, 2003, SK Telecom Co., Ltd. (the "Company") and SK IMT Co., Ltd.
("SK IMT") agreed to delay the completion of the proposed merger of SK IMT into
the Company, which was previously announced by the Company in its report on
Form 6-K filed on March 3, 2003. The new proposed merger completion date is May
1, 2003 instead of April 1, 2003. Except for the merger completion date, other
conditions in the merger contract did not change.

The Company may at its sole discretion change its current plan concerning its
merger with SK IMT. As a result, the merger completion date may be subject to
change.





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